Bekaert’s Strategic Share Buyback Program
Bekaert, a leading global company in steel wire transformation and coating technologies, has taken significant steps to enhance shareholder value through its share buyback program. The program commenced with the first tranche aimed at repurchasing shares worth up to €25 million. The primary objective of this program is to cancel the shares repurchased, thus increasing the value of remaining shares for investors.
Transaction Overview
During the recent reporting period from 13 February 2025 to 19 February 2025, Bekaert, represented by Kepler Cheuvreux SA, successfully acquired a total of 39,129 shares. Below are the specific transactions that detail the buying activities:
Daily Share Transactions
On 13 February 2025, Bekaert made notable purchases on Euronext Brussels with 6,000 shares acquired at an average price of €34.56. Other notable transactions included:
- 14 February 2025: Purchased 6,000 shares for an average price of €34.75.
- 17 February 2025: Acquired 6,000 shares at an average price of €34.64.
- 18 February 2025: Bought 5,241 shares at an average price of €34.57.
- 19 February 2025: Completed purchases of 6,000 shares at an average price of €34.43.
Share Buyback Details
In total, the share buyback during this period amounted to €1,353,448, establishing a robust engagement from Bekaert as it rewards its shareholders. The following illustrates the overall transaction details:
- Total Purchased: 39,129 shares.
- Average Cost: €34.59 per share.
- Highest Cost: €34.96 per share.
- Lowest Cost: €34.20 per share.
Renewed Liquidity Agreement
Alongside the share buyback program, Bekaert has also renewed its liquidity agreement with Kepler Cheuvreux, reported to enhance trading volumes and improve market liquidity. Over the same tenure, Kepler Cheuvreux facilitated the purchase and sale of additional shares, contributing to a more dynamic trading environment.
Liquidity Agreement Transactions
In total, under the revised liquidity agreement, Kepler Cheuvreux acquired 5,000 shares while also selling 3,956 shares on Euronext Brussels. The transactions reflected a strategic effort to maintain fluid market activity.
Purchase Breakdown
Here’s a breakdown of the purchases made under the liquidity agreement:
- 13 February 2025: 500 shares at an average price of €3,452.00.
- 14 February 2025: 400 shares at €3,445.00.
- 17 February 2025: 1,000 shares priced at €3,458.00.
- 18 February 2025: 840 shares at €3,449.00.
- 19 February 2025: 2,260 shares valued at €3,444.00.
Sales Under the Liquidity Agreement
The liquidity agreement also included sale activities, where the following transactions were recorded:
- 13 February 2025: Sold 1,329 shares for €3,460.00 per share.
- 14 February 2025: Sold 1,027 shares at €3,486.00.
- 18 February 2025: Sold 700 shares for €3,467.00.
- 19 February 2025: Sold 900 shares at €3,475.00.
Current Status and Holdings
As of 19 February 2025, after market closure, Bekaert holds a total of 2,579,301 of its own shares, representing 4.75% of the total outstanding shares. This growing share ownership underscores the company's dedication to its shareholders and the effectiveness of its financial strategies. The balance held under the liquidity agreement stands at 38,732 shares, enhancing market confidence and trading efficiency.
Frequently Asked Questions
What is Bekaert's share buyback program?
The share buyback program allows Bekaert to repurchase and cancel its shares to boost value for remaining shareholders.
How many shares did Bekaert repurchase recently?
Bekaert repurchased a total of 39,129 shares in the specified period.
What was the average price of shares purchased?
The average price paid for shares was €34.59.
Who manages the liquidity agreement for Bekaert?
Kepler Cheuvreux manages the liquidity agreement on behalf of Bekaert.
How many shares does Bekaert hold at present?
Bekaert currently holds 2,579,301 of its own shares, accounting for 4.75% of all outstanding shares.
